Reliance Industries is top Indian company on asset base | Current Affairs, Current Affairs 2017

Reliance Industries is top Indian company on asset base

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Reliance Industries is top Indian company on asset baseMumbai-based conglomerate Reliance Industries Ltd. heads the list of India’s top 10 companies ranked in terms of their asset base as on March 31, 2014, parliament was informed.

In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said Reliance Industries with an asset base of Rs.3,67,583 crore was ranked No.1 in the country.

The other companies in the top 10 in their ranking order are: Indian Oil Corporation Ltd. (Rs.2,52,413.78 crore), Housing Development Finance Corporation Ltd. (Rs.2,25,757.39 crore), Power Finance Corporation Ltd. (Rs.1,94,164.10 crore), NTPC Ltd. (Rs.1,79,554.18 crore), Rural Electrification Corporation Ltd. (Rs.1,52,852.90 crore), Power Grid Corporation of India Ltd. (Rs.1,39,589.07 crore), LIC Housing Finance Ltd. (Rs.95,777.02 crore), Steel Authority of India Ltd. (Rs.91,961.89 crore) and Bharat Sanchar Nigam Ltd. (Rs.89,333.44 crore).

The total reported value of the assets of the 4,15,886 companies that filed their balance sheets for March 31, 2014 till November 30, 2014 was Rs.117.08 lakh crore, and the share of the top 10 companies in the total value of assets was 15.3 percent on March 31, 2014.

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